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Elavon Introduces Global E-commerce Gateway Solution

Extends connectivity to a wide variety of payment providers and optimizes online sales by utilizing advanced risk management tools

WATFORD, United Kingdom--(BUSINESS WIRE)--Feb. 21, 2012-- Elavon, a wholly owned subsidiary of U.S. Bancorp (NYSE: USB) and a leading global payments provider, has partnered with DataCash, a MasterCard Company, to launch Elavon’s Global E-commerce Gateway solution in Europe. The solution expands payment options, reduces fraud, and ultimately improves sales for businesses accepting e-commerce payments.

Designed to meet the evolving needs of businesses everywhere, Elavon’s Global E-commerce Gateway addresses the risk and data security concerns businesses face when accepting payments online, while delivering advanced connectivity, flexibility and visibility to its users. Advanced fraud management services provide industry-leading, end-to-end fraud monitoring, detection and prevention precisely tailored to the needs of businesses to mitigate their fraud exposure for any payment type, industry sector and geographic market. A robust yet flexible risk management rules engine helps businesses stay ahead of fraudsters and optimize revenue by applying real-time fraud screening, behavioral analytics, integration with geo-global positioning solutions, and information from an extensive global activity database.

“The combination of Elavon’s acquiring experience, processing reach, and financial stability, with DataCash’s gateway expertise, fraud controls and unmatched connectivity results in a win-win for our customers,” said Simon Haslam, president of International Markets, Elavon. “We are pleased to be able to provide one point of service and support to our clients as their global commerce needs evolve.”

“We are delighted Elavon is working with DataCash to launch their E-commerce gateway solution in new geographies across the globe,” said Ajay Bhalla, president of DataCash. “Elavon’s commitment to bring their global leadership and end-to-end capabilities to this relationship helps us take a great step in furthering our vision to enable E/M–commerce for everyone, on every device, everywhere, utilizing leading payments technology.”

Elavon’s Global E-commerce Gateway provides a single interface to connect to multiple traditional and alternative payment processors. Hosted payment pages relocate critical cardholder data to DataCash’s centrally managed datacenter, while tokenization further ensures cardholder security and mitigates the complexities associated with PCI compliance validation. An online administrative and reporting portal provides a consolidated view for all payment activity. Flexible configuration rules allow for payment types, processing endpoints, and fraud services to be mapped to the unique needs of a business.

Elavon is making the solution available across Europe. Other regions are expected to be available later in the year. For more information visit: www.tellmemore.elavon.com/ecommercegateway.

About Elavon (www.elavon.com):

Elavon is a wholly owned subsidiary of U.S. Bancorp (NYSE: USB) and provides end-to-end payment processing services to more than one million merchants in the United States, Europe, Canada, Mexico, Brazil and Puerto Rico. Elavon markets solutions including credit and debit card processing, electronic gift cards, dynamic currency conversion, multi-currency support, and cross-border acquiring through multiple alliance channels including financial institutions, trade associations, third party sales agents as well as direct sales. Elavon’s suite of solutions is tailored to meet the needs of merchants in specialized markets such as retail, hospitality/T&E, health care, education and the public sector.

About DataCash

Founded in 1996, DataCash Group Ltd (part of MasterCard Incorporated) provides multi-channel global payment processing services and advanced fraud prevention and risk management solutions to merchants and banks. DataCash is a global partner to some of the world’s most recognizable brands in the gaming, travel, retail and finance sectors. DataCash combines smart thinking and an end-to-end solution to help its customers transcend the complexities and expense associated with payment processing. Advanced technology from DataCash enables customers to accept and process payments in multiple currencies, across e-commerce, m-commerce and cardholder present channels – with the security and confidence of tools tailored to meet exacting and expanding business needs. DataCash customers protect their brand and reputation, enhance end-user experience and capitalize on new global market opportunities.

Source: Elavon

Holly Lytle
Elavon Media Relations (The Americas)
Direct Line: +1.678.731.5236
Jessica Dixon
Spider Public Relations (Europe)
Direct Line: 020 7403 6900

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding U.S. Bancorp's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.

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